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Oak Street, Romford, RM7

London

£375,000

Listed on 04/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
883 sqft

Description

This property presents an excellent opportunity for renovation and investment, offering a spacious layout that can be transformed into a family home tailored to your vision. Situated on a quiet road, it is conveniently located near essential amenities, good schools, and transport links including Romford Station for access to London. The ground floor features a generous through lounge with a charming fireplace and high ceilings that exude character. It connects to a fitted kitchen with a conservatory leading to the rear garden, which boasts low-maintenance paving surrounded by established greenery and a decorative fishpond. The first floor includes two double bedrooms and a family bathroom equipped with a four-piece suite. While the property requires updating throughout, this gives you the chance to add significant value through renovations. This could be an ideal project for first-time buyers, downsizers, or savvy investors looking for potential.

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Investment analysis

(RM7 area)

Below Market Value

This property is priced -4.6% below area average per sq ft

-4.6%
Potential saving
This Property
£425/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£418
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£432,568
10% above area average per sq ft
Potential ROI
+4.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RM7)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +4.6%
5 year growth: +17.4%
Investment Disclaimer: Analysis based on RM7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Oak Street, Romford, RM7
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,417
Based on a loan of £281,250 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

Next Steps

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